Ireland business Coronavirus Tax Ireland

IMF says tax increases should be considered here post Covid

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The International Monetary Fund has said more tax will need to be raised in Ireland to fund investments in physical and human capital.

In a review of the Irish economy, the IMF says a gradual increase in tax revenue should be considered after next year, once a recovery from Covid-19 has taken hold.

It has welcomed the establishment of the Commission on Taxation and Welfare and says the tax base needs to be broadened. In today's review, the IMF says more money needs to be spent on education, vocational training, reducing the cost of childcare and the provision of social and affordable housing.

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